NOK Company Profile

Nokia (NOK) is a communications and information technology corporation. The company offers various products and services including mobile telephones,portable IT devices, applications, games, music, media and messaging. NOK was founded in 1985, and is based in Finland.

Nokia News

Though the sale of Nokia Corporation's () devices &amp; services business and patent licenses to Microsoft () was originally supposed to...

Nokia Sees Higher Profits; Suspends Dividends (NOK)

Jan 24, 2013

Communications company, Nokia Corporation(NOK) reported increased earnings for the quarter on Thursday, and has announced that they will terminate further dividend payouts.
The Espoo, Finland based company reported fourth quarter earnings of €202 million ($270 million) compared to a loss of €1.07 billion, or $1 billion during last years Q4. EPS was €0.05 for the quarter, approximately 7 cents in USD.
Nokia's revenue declined by 20% to €8.04 billion ($10.07 billion).
Additionally, the company reported that they has suspended further dividends. The last dividend payment the company made was in May of 2012 for 25 cents.
Nokia will also begin a share repurchase plan in 2013, which will buy back $370 million shares.
Nokia shares were down 34 cents, or -7.33% during premarket trading Thursday. The stock has declined -17% in the past year.
Nokia Corporation(NOK) currently has suspended dividends on its stock. Dividend will no longer provide dividend data for the stock.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Don't Be Fooled by Nokia's Low Expectation Beat (NOK)

Jan 10, 2013

Struggling mobile phone manufacturer Nokia Corporation (NOK) saw its shares soar Thursday on news that it expects fourth quarter operating margin to come in at a range of flat to +2%, better than the expected -6% drop. While this news gives investors some optimism for the short term, does it actually show signs that Nokia is moving forward with a positive turnaround strategy? Or should investors not be impressed by simply exceeding low expectations?

From Darling to Dud

Nokia has had a troubled 5 year run. Over this time frame the company has seen its stock fall by -87.67% into the single digits. Furthermore, since June of 2000 the stock is down -92.36% from its all time high. Meanwhile, other phone manufacturers like Apple (AAPL) , Samsung, and other Android based-smartphone makers have left Nokia in the dust. The Finish company has not been able to innovate or compete with these current mobile and computer giants. In fact, to stay on the level of the above mentioned competitors Nokia has partnered with Microsoft to release Windows-based phones, which have not done much to compete with the "big two" platforms in the space (Apple's iOS and Google's Android). It seems as though Nokia management cannot make many right decision theses days.
The company used to have a 40% market share in the mobile phone sector; now market share is in the single digits. Over the past year the company has seen losses in the billions, cut jobs, and closed plants. This news is not welcoming for those believing that Nokia has the ability to make a comeback and share the stage with current tech darlings.

Were Q4 Earnings Really That Impressive?

So while fourth quarter expectations are said to exceed previous estimates, does this mean that Nokia is actually seeing positive growth? Executives are not setting a high bar to exceed expectations that are in the negatives. While these numbers might be realistic, it maybe shows that the company is just reaching for anything to show signs of life. Nokia has cited better-than-expected expenses and costs due to its restructuring program partially mentioned above; barley exceeding expectations due to cutting costs is not welcoming news for investors who would like to see Nokia grow.

A Classic Dividend Trap

Dividend-minded investors may be enamored with Nokia's current attractive 6.93% dividend yield. However, this yield is a bit deceiving. It is easy for a company to show a high dividend yield when its share price falls below $5 (as price falls, yield goes up, assuming a constant dividend payout).
Investors must realize that maintaining this dividend might be difficult for Nokia moving forward. In recent years the company has posted negative earnings, signaling a possibility that even maintaining any dividend at all could be difficult. Some have even suggested that Nokia should get rid of its dividend altogether. This is also possibility if Nokia would like to re-shift some focus towards reinvesting to grow and innovate rather than pay out earnings to shareholders.

The Bottom Line

Investors should not get too caught up in Nokia's fourth quarter earnings head fake. While an earnings beat might be somewhat positive, it should not shift an investors focus away from the fact that not much has changed for Nokia in regards of product or service innovation; the company seems to be grasping at straws to show signs of life going forward. There might not be any real growth strategy. Because of these factors, Dividend.com continues to rate Nokia as an "Avoid."
Nokia Corporation (NOK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.5 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Nokia Posts 969 Million Euro Loss as Sales Plunge 19% (NOK)

Oct 18, 2012

Embattled mobile phone maker Nokia Corporation (NOK) on Thursday posted a massive third quarter net loss, as sales of its once-popular mobile phones continued to decline.
The Finnish company reported a third quarter net loss of 969 million euros, or -0.26 euros per share, compared with a smaller loss of 68 million euros, or 0.02 euros per share, in the year-ago period.
Net sales plummeted 19% from last year to 7.239 billion euros.
The third quarter results marked the sixth straight quarterly loss for the company, which has seen its market share decline substantially in recent years under increased competition in the mobile market from companies like Apple (AAPL) and Samsung.
Nokia shares fell 11 cents, or -3.7%, in Thursday morning trading.
The Bottom Line
Shares of Nokia (NOK) have a 8.84% dividend yield, based on last night's closing stock price of $2.94. The stock has technical support in the $2 price area. If the shares can firm up, we see overhead resistance around the $4 price level.
Nokia Corporation (NOK) is currently rated "Avoid" by Dividend.com, holding a Dividend.com DARS™ Rating of 2.3 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Nokia Posts $1.2 Billion Loss as Smartphone Sales Plummet (NOK)

Apr 19, 2012

Embattled mobile phone maker Nokia Corporation (NOK) on Thursday posted a massive first quarter loss, hurt by sharply lower sales amid much tougher market competition.
The Finnish company posted a first quarter net loss of 929 million euros, or -$1.2 billion, compared with a profit of 344 million euro in the year-ago period. Revenue plunged 30% from last year to 7.4 billion euro.
NOK noted that smartphone sales plunged 50% from last year to just 12 million, down from 24 million in the same quarter last year. The company also warned that second quarter margins would be "similar to or below the first quarter 2012 level of negative 3 percent.".
Nokia shares fell 12 cents, or -3%, in premarket trading Thursday.
The Bottom Line
Shares of Nokia (NOK) have a 6.55% dividend yield, based on last night's closing stock price of $3.97. The stock is trading near all-time lows. If the shares can firm up, we see overhead resistance around the $5 price level.
Nokia Corporation (NOK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.5 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Nokia Cuts Q1 Devices and Services Outlook; Shares Tumble (NOK)

Apr 11, 2012

Embattled mobile phone maker Nokia Corporation (NOK) on Wednesday cut its first quarter outlook for its devices and services segment, sending its shares plunging lower in premarket trading.
The Espoo, Finland-based company said it lowered its expectations due to "competitive industry dynamics" that resulted in lower sales in India, the Middle East, Africa and China. For that segment, NOK said operating margins would fall by 3%, down from a previous breakeven estimate.
For the second quarter, the company noted operating margin would be "similar or below" to the first quarter.
CEO Stephen Elop called the news "disappointing," and said Nokia's devices and services business "continues to be in the midst of transition." The company is slated to report first quarter earnings results on Thursday, April 19.
Nokia shares plunged 80 cents, or -16%, in premarket trading Wednesday.
The Bottom Line
Shares of Nokia (NOK) have a 5.17% dividend yield, based on last night's closings stock price of $5.03. The company recently cut their dividend in half and may need to take another look again at cutting further. The stock has technical support in the $4 price area. If the shares can firm up, we see overhead resistance around the $6 price level.
Nokia Corporation (NOK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.5 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Nokia Swings to Q3 Loss as Smartphone Sales Plummet (NOK)

Oct 20, 2011

Embattled mobile phone giant Nokia Corporation (NOK) on Thursday said it swung to a third quarter loss, but results improved sequentially from the second quarter.
The Finnish company posted a third quarter net loss of 71 million euro, or -2 euro cents per share, compared with a year-ago profit of 14 euro cents per share. On average, Wall Street analysts expected a smaller loss of 1 euro cent per share.
On a positive note, results improved from the second quarter, when NOK saw a loss of 10 euro cents per share.
Nokia also noted that sales fell 13% from last year to 8.98 billion euro. Smartphone sales plunged 39% from last year, as that segment was decimated by competition from Apple (AAPL) , HTC, Samsung, and others.
Nokia shares rose 49 cents, or +8%, in premarket trading Thursday.
The Bottom Line
Shares of Nokia (NOK) have a 8.91% dividend yield, based on last night's closing stock price of $6.12. The stock has technical support in the $5 price area. If the shares can firm up, we see overhead resistance around the $7-$8 price levels.
Nokia Corporation (NOK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.5 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Nokia to Slash Another 3,500 Jobs (NOK)

Sep 29, 2011

Embattled mobile phone maker Nokia Corporation (NOK) on Thursday announced it would cut 3,500 European jobs as part of its ongoing restructuring efforts.
CEO Stephen Elop commented, "Europe is core to Nokia's future. In addition to our headquarters, we have a strong R&D presence in Europe. We have four major R&D sites in Finland and two major R&D sites in Germany, as well as Nokia Research Centers and other supporting R&D sites in Europe. Nokia also retains a strong local presence in our many sales offices throughout this region, as well as our operations in Salo and Komarom."
The new layoffs are expected to take effect by the end of next year, and include the closure of a factory in Romania.
Nokia shares rose 23 cents, or +4.1%, in premarket trading Thursday.
The Bottom Line
Shares of Nokia (NOK) have a 9.38% dividend yield, based on last night's closing stock price of $5.55. The stock has technical support in the $4-$5 price area. If the shares can firm up, we see overhead resistance around the $6-$7 price levels.
Nokia Corporation (NOK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.5 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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*** All dividend payout and date information on this website is for information purposes only. We do not guarantee the accuracy of any dividend dates or payout amounts. Always check with your broker first before purchasing any security.